Sec. 1. The commission shall:
(1) review the legislative request budgets of all state educational institutions preceding each session of the general assembly;
(2) make recommendations concerning appropriations and bonding authorizations to state educational institutions, including public funds for financial aid to students by any state agency; and
(3) present to the budget committee in even-numbered years at the same time as budget hearings are held under IC 4-12-1-8, a summary of the legislative requests of all state educational institutions and the commission's recommendations concerning:
(A) operating;
(B) capital, including:
(i) repair and rehabilitation;
(ii) preventive maintenance; and
(iii) capital projects, including new construction, substantial renovation, or substantial rehabilitation funding; and
(C) financial aid.